A capital raise was always on the cards to progress to BOE...

A capital raise was always on the cards to progress to BOE production.

We all enjoyed the super rally to $2.70+. Hopefully traders were able to get some $ off the table.

Now BOE is reset for long term investors, confident in the demand and pricing metric for uranium and those able to produce at an AISC below $40.

Tapping the market at $2.15 is very smart and clearly the uptake from institutions is high. The rest of us can pick up a few in the SPP.

With the coffers fully loaded, BOE should be a very very solid, cash flow positive company over the next 5 - 10 years (all other things being equal), with corresponding gains in the share price.

BOE is not at that point yet, but has all the ducks lined up to reward investors who are patient.

GLTASH